Public Management

Covid-19: Mauritius’ govt spent $265mln to support jobs

Covid-19: Mauritius’ govt spent $265mln to support jobs
Monday, 20 July 2020 15:06

The Mauritian government has already disbursed Rs 10.6 billion ($265 million) into its program to support jobs threatened by the covid-19 pandemic. The information was revealed in a recent press release by the Minister of Finance, Renganaden Padayachy (pictured).

According to the authorities, the funds were aimed at implementing two employment assistance programs for businesses and self-employed workers whose activities have been impacted by the coronavirus. Between mid-March and mid-June 2020, the Mauritian National Treasury disbursed Rs 8.2 billion ($205 million) of assistance program funds to over 268,000 employees in about 14,700 businesses, while 197,000 self-employed persons received Rs 2.4 billion ($60 million) during the same period. For this month, authorities plan to spend 600 million rupees ($15 million) to support jobs.

With more than 343 cases of covid-19 confirmed to date, Mauritius has had to implement major restrictive transport measures that have negatively affected the tourism sector, a major source of income for the public treasury. Authorities expect economic growth to contract by 13% this year, with tourism activity expected to contract by 70%.

In June, the Finance Minister announced a budget of $2.5 billion to boost the economy during the FY2020-21.

Moutiou Adjibi Nourou

Additional Info

  • communiques: Non
  • couleur: N/A
On the same topic
Senegal plans diaspora-focused real estate investment fund Remittances total 2.2 trillion CFA francs annually Fund aims to channel savings into rental...
Proparco grants €20 million guarantee to NSIA Bank Facility covers 50% of SME loan risk SMEs account for 67% of Benin GDP Proparco, the...
I.M.F. completes two reviews, unlocking about $2.3 billion for Egypt Inflation has fallen sharply, and currency pressures have eased The...
Fiscal deficit cut to 3.1% of GDP Debt revised to 60.5% of GDP end-2024 The International Monetary Fund said on Tuesday, Feb. 24, it had...
Most Read
01

ECOWAS central bank governors reaffirm a 2027 target for launching the Eco. Nigeria signals...

ECOWAS Eco Currency May Launch Without WAEMU in 2027 Push
02

Algeria plans to launch construction of the $13 billion Trans-Saharan Gas Pipeline (TSGP) a...

Algeria–Morocco: Will the Gas Pipeline Duel Take Place? (Editorial)
03

Kenya raised $2.25B via dual-tranche Eurobonds to buy back 2028/2032 debt, luring investors w...

Africa’s Comeback on International Market: Kenya Adds-up to The 2026 Wave of Sovereign Issuances
04

Dangote to list $20-25 billion refinery within five months NNPC holds 7.25% stake; dividends...

Dangote Sets IPO Timeline for Its $20B+ Nigerian Refinery, Eyes Retail Investors
05

Siguiri mine produced 289,000 ounces in 2025, up 6% Fourth-quarter output rose 15%, boosting annu...

Guinea's Largest Gold Mine Records 6% Output Rise in 2025
Enter your email to receive our newsletter

Ecofin Agency provides daily coverage of nine key African economic sectors: public management, finance, telecoms, agribusiness, mining, energy, transport, communication, and education.
It also designs and manages specialized media, both online and print, for African institutions and publishers.

SALES & ADVERTISING

regie@agenceecofin.com 
Tél: +41 22 301 96 11 
Mob: +41 78 699 13 72


EDITORIAL
redaction@agenceecofin.com

More information
Team
Publisher

ECOFIN AGENCY

Mediamania Sarl
Rue du Léman, 6
1201 Geneva
Switzerland

 

Ecofin Agency is a sector-focused economic news agency, founded in December 2010. Its web platform was launched in June 2011. ©Mediamania.

 
 

Please publish modules in offcanvas position.